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Chinese investment into Cyprus of around one and a half billion euros is planned
May 2013
The president of Cyprus was given some welcome news recently with the announcement of one and a half billion euros planned for investment into Cyprus by investors from China....

World Cup set to boost profile of Turkey on the global stage
May 2013
Experts are predicting an increase in international property buyers as a consequence of the pending football world cup for the under 20s....

Leading property experts in favour of “golden visa” proposal
May 2013
The suggested of a “golden visa” of residency for investors buying properties in Spain over €500,000 has been warmly welcomed...

Istanbul property market goes from strength to strength
April 2013
The buy-to-let property market is alive and well in Turkey and no more so than Istanbul...

Foreign investors favour Turkey right now
April 2013
As a result of the new “reciprocity law” in Turkey foreigners are buying property in Turkey in larger numbers than before....

American House Prices Set To Jump
March 2013
US property is being predicted with an increase of 22% expected over the next 5 years...

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Residences of Milan - Finance available

Florida  -  America
With demand in Central Florida for tenanted, investor units at an all time high, we have been able to source a true gem ...

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Egypt Seeks $3.2 Billion Loan from IMF

Posted On: 25/03/2012

Egypt is seeking a $3.2 billion loan from the International Monetary Fund to help boost the economy which has suffered since the political unrest and a year ago.

Leaders in Egypt have decided the loan is necessary to prevent the economy from declining, but the Muslim Brotherhood is insistent that the government comes up with a clear economic program before it supports such a huge loan.

The Brotherhood controls nearly half the seats in parliament, and although it thinks the loan could help ease some of the country’s problems, it sees the government’s programme as being too vague and is worried such a loan could increase Egypt economic burdens.

The Egyptian government sees the loan as being necessary to help attract investors, as the political unrest has led to declining tourism numbers, and has driven many investors away.

The loan could help increase the amount of foreign direct investment in Egypt, and could help generate liquidity in the system.

The government has already had to resort to using foreign currency reserves to protect the local currency from collapsing. This use of international reserves has led to serious concerns over how the country can raise new funds to cover its widening deficit.

According to the Finance Ministry, Egypt will secure a $1.1 billion loan from the European Union and the World Bank, but apparently part of this aid package is reliant on Egypt's first obtaining the IMF loan. The loan was formally requested in January, although Egypt rejected a loan offer made last year as it was concerned about increasing its level of foreign debt.

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The Chezz - pay 70% on completion


Pattaya - Thailand
The Chezz Pattaya Price: THB 1,539,000 Type: Apartment Size: 29 Sq.m City: Pattaya Area: Central Pattaya Development: The Chezz Bedrooms: Studio Handover Date: 30/08/2014 Thailands leadin...

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AbaTalay Condos - new launch coming soon


Pattaya - Thailand
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Lanna Koh Samui


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